A deep dive into IRB Infrastructure Developers Ltd. (IRB) — examining the financials, valuation picture, and who owns the stock.
IRB Revenue Trend
IRB Infrastructure Developers Ltd. saw revenue decline to ₹8,032 Cr in FY2025, down 2.1% from ₹8,202 Cr in FY2024.
Over the past 10 years, revenue has grown at a 7.6% CAGR, from ₹3,847 Cr to ₹8,032 Cr. Decent growth, though not exceptional.
With a top line of ₹8,032 Cr, IRB Infrastructure Developers Ltd. operates at a mid-sized scale within the construction sector.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹8,032 Cr | -2.1% |
| FY2024 | ₹8,202 Cr | +22.4% |
| FY2023 | ₹6,703 Cr | +5.5% |
| FY2022 | ₹6,355 Cr | +15.8% |
| FY2021 | ₹5,488 Cr | — |
View IRB Infrastructure Developers Ltd.'s full 10-year revenue trend with CAGR analysis →
IRB Profitability
IRB Infrastructure Developers Ltd. delivered net profit of ₹6,481 Cr in FY2025, a solid 969.7% jump from ₹606 Cr in FY2024.
The company squeezed out better margins in FY2025, with net margin at 80.7% versus 7.4% in FY2024.
On an EPS basis, the company earned ₹5.37 (diluted) in FY2025 versus ₹0.50 in FY2024.
Is IRB Undervalued
The P/E Ratio valuation pegs IRB Infrastructure Developers Ltd.'s fair value at ₹168, which is 691.1% upside from the current price.
IRB Infrastructure Developers Ltd. shares are currently trading at ₹21.28.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹168 | 691.1% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for IRB Infrastructure Developers Ltd. with detailed assumptions →
IRB Shareholding Pattern
At 30.8%, the promoter stake has been flat for the past 4 quarters.
FII holding stands at 43.9%, up from 43.6% in the year-ago quarter.
DII ownership is at 10.0%, down from the 10.2% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 30.8% | 43.9% | 10.0% | 15.3% |
| Dec 2025 | 30.4% | 43.3% | 10.0% | 16.3% |
| Sep 2025 | 30.4% | 43.4% | 9.6% | 16.6% |
| Jun 2025 | 30.4% | 43.6% | 10.2% | 15.8% |
Track quarterly shareholding changes for IRB Infrastructure Developers Ltd. →
IRB Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹538.96B, up 20.0% YoY from ₹449.20B.
Intangibles & Goodwill accounts for 43.8% of the total, ahead of Investments (31.7%) and Other Assets (18.0%).
Capital structure: 36.8% equity, 38.2% debt, 25.0% operating liabilities. Over the year, debt is up 10.4% and equity is up 44.3%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 18.76B |
| Receivables | 3.31B |
| Inventories | 3.39B |
| Property, Plant & Equipment | 9.65B |
| Investments | 170.81B |
| Intangibles & Goodwill | 236.30B |
| Other Assets | 96.74B |
| Category | Value |
|---|---|
| Equity | 198.27B |
| Short-term Debt | 18.85B |
| Long-term Debt | 187.14B |
| Trade Payables | 5.22B |
| Other Liabilities | 129.48B |
IRB Investment Snapshot
Bringing the key threads together for IRB Infrastructure Developers Ltd. (IRB) as a construction investment opportunity.
Revenue of ₹8,032 Cr in FY2025, down 2.1% year-over-year.
Long-term revenue has been compounding at 7.6% annually over 10 years.
The company is profitable, with a net margin of 80.7% and net income of ₹6,481 Cr.
The P/E Ratio model implies 691.1% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
For the complete 10-year financial history with interactive charts and growth analysis, explore IRB Infrastructure Developers Ltd.'s detailed profile on Craytheon.